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232 GAFF ROAD
About This Property
The sought after Ocean Acres development of Stafford Township. Currently zoned CC.
Just minutes to LBI, regional shopping, dining, marinas. These lots are undeveloped and will need the buyer to do their due diligence in order to determine it if suits their needs. Conveniently located close to the Garden State Parkway for the commuter. Bring the plans and ideas, create your masterpiece right here in Manahawkin. Vacant Land & The buyer should do their due diligence with Stafford Twp to obtain building options & information.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2025 | Listed by Keller Williams Realty - Atlantic Shore | $245,000 | |
| Listed by Keller Williams Realty - Atlantic Shore | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017